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IQ ARB Merger Arbitrage ETF
MNA

142 hedge funds and large institutions have $633M invested in IQ ARB Merger Arbitrage ETF in 2019 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 46 increasing their positions, 56 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

222% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 9

15% more funds holding

Funds holding: 123 → 142 (+19)

6% more capital invested

Capital invested by funds: $599M → $633M (+$34.3M)

1.44% more ownership

Funds ownership: 66.81% → 68.25% (+1.4%)

0% more funds holding in top 10

Funds holding in top 10: 11 → 11 (0)

18% less repeat investments, than reductions

Existing positions increased: 46 | Existing positions reduced: 56

Holders
142
Holders Change
+19
Holders Change %
+15.45%
% of All Funds
2.8%
Holding in Top 10
11
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.22%
New
29
Increased
46
Reduced
56
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
+$6.75M
2
FFA
First Foundation Advisors
California
+$3.01M
3
WP
WealthPLAN Partners
Nebraska
+$2.75M
4
Cambridge Investment Research Advisors
Cambridge Investment Research Advisors
Iowa
+$2.42M
5
Ameriprise
Ameriprise
Minnesota
+$1.98M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$6M
2
UWM
USAdvisors Wealth Management
Minnesota
-$3.94M
3
Axa
Axa
France
-$2.21M
4
BCI
Brinker Capital Investments
Pennsylvania
-$2.15M
5
LNC
Lincoln National Corp
Pennsylvania
-$2.11M
Name Holding Trade Value Shares
Change 		Change in
Stake
Royal Bank of Canada
26
Royal Bank of Canada
Ontario, Canada
$5.53M -$1.26M -38,485 -19%
PCS
27
Personal CFO Solutions
New Jersey
$4.83M +$178K +5,466 +4%
CCMG
28
Clark Capital Management Group
Pennsylvania
$4.83M +$117K +3,577 +3%
CFA
29
Carroll Financial Associates
North Carolina
$4.75M +$535K +16,387 +13%
UWM
30
USAdvisors Wealth Management
Minnesota
$4.23M -$3.94M -120,534 -49%
NAM
31
NorthCoast Asset Management
Connecticut
$4.09M -$148K -4,540 -4%
LPL Financial
32
LPL Financial
California
$4.08M -$253K -7,734 -6%
FMBTD
33
First Midwest Bank Trust Division
Illinois
$3.96M -$175K -5,354 -4%
FFA
34
First Foundation Advisors
California
$3.86M +$3.01M +92,238 +383%
FWP
35
FAS Wealth Partners
Kansas
$3.38M +$62K +1,899 +2%
IDA
36
Intelligence Driven Advisers
California
$2.88M +$732K +22,417 +35%
AI
37
Atria Investments
North Carolina
$2.85M -$13.3K -407 -0.5%
DP
38
Denver PWM
Colorado
$2.67M +$32.7K +1,000 +1%
LTFS
39
Ladenburg Thalmann Financial Services
Florida
$2.58M -$532K -16,283 -16%
EH
40
Equitable Holdings
New York
$2.25M +$2.21M +67,710 New
Goldman Sachs
41
Goldman Sachs
New York
$2.12M -$2.58K -79 -0.1%
PWMAG
42
Pinnacle Wealth Management Advisory Group
New Jersey
$2.06M +$204K +6,255 +11%
BOS
43
Bank of Stockton
California
$2.05M -$650K -19,910 -24%
SFS
44
Sowell Financial Services
Arkansas
$1.94M +$98.1K +3,005 +5%
Qube Research & Technologies (QRT)
45
Qube Research & Technologies (QRT)
United Kingdom
$1.93M +$1.9M +58,133 New
QAM
46
Q3 Asset Management
Michigan
$1.72M +$1.69M +51,772 New
ST
47
Spinnaker Trust
Maine
$1.66M – – –
CF
48
Centaurus Financial
California
$1.65M +$372K +11,378 +30%
RFWA
49
RPg Family Wealth Advisory
Massachusetts
$1.63M -$1.14M -34,914 -42%
FFN
50
Focus Financial Network
Minnesota
$1.5M +$93.5K +2,863 +7%
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MNA Hedge Fund Activity: Q4 2019 in Review

142 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in IQ ARB Merger Arbitrage ETF (MNA) for Q4 2019, worth a combined $633M — up 5.7% from $599M a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new MNA positions and 9 closed out — a net gain of 20 holders — while 46 added to existing stakes and 56 trimmed.

The largest buyer was Wells Fargo, adding an estimated $6.75M. The largest seller was Morgan Stanley, cutting an estimated $6M.

  • 142 institutional investors held IQ ARB Merger Arbitrage ETF (MNA) as of Q4 2019, up from 123 in Q3 2019.
  • Funds reported $633M of IQ ARB Merger Arbitrage ETF stock for Q4 2019, up 5.7% quarter-over-quarter.
  • 29 funds opened new IQ ARB Merger Arbitrage ETF positions in Q4 2019 and 9 closed out, a net change of +20 holders.
  • The largest IQ ARB Merger Arbitrage ETF buyer in Q4 2019 was Wells Fargo, an estimated $6.75M added.
  • The largest IQ ARB Merger Arbitrage ETF seller in Q4 2019 was Morgan Stanley, an estimated $6M sold.

Based on aggregated 13F filings for Q4 2019.